Homework Answers
| E1-4) | ||||
| 1) | ||||
| a) Manufacturing overhead: | Amount $ | Changes in expenses | Change in Total costs | Amount increase |
| Fact utilities | 15500 | 15500 | ||
| Dep factory equ | 12650 | 12650 | ||
| Indirect FL | 48900 | 48900 | ||
| Indirect Mat. | 80800 | 80800 | ||
| Factory manager's salary | 8000 | 16000 | ||
| Property tax factory | 2500 | 36000 | ||
| factory repairs | 2000 | 2000 | ||
| Manufacturing overhead | 170350 | 211850 | Increase | 41500 |
| b) Product costs: | ||||
| Direct Mat. | 137600 | 151000 | ||
| Direct Lab. | 69100 | 69100 | ||
| Manuf. Overhead | 170350 | 211850 | ||
| Product Costs | 377050 | 431950 | Increase | 54900 |
| c) Period costs: | ||||
| Dep - delivery trucks | 3800 | 3800 | ||
| Sales salaries | 40400 | 48000 | ||
| Repair to office equip | 1300 | 1300 | ||
| Advertising | 15000 | 15000 | ||
| Office supplies used | 2640 | 2640 | ||
| Period costs | 63140 | 70740 | Increase | 7600 |
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Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 47,700 Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 Property taxes on factory building 50,600 Repairs to office equipment 83,500 Factory repairs 140,700 Advertising 8,100 Office supplies used 2,100 3,030 15,700 3,720 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $17,400 Direct labor $70,300 13,850Sales salaries 46,700 Property taxes on factory building 3,100 1,500 2,220 15,900 2,770 Depreciation on delivery trucks 3 q00 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,700Repairs to office equipment 84,200 Factory repairs 137,700 Advertising 8,700 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Depreciation on...
Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Depreciation on factory equipment 12,650 Depreciation on delivery trucks 3,800 Indirect factory labor 48,900 Indirect materials 70,800 Direct materials used 157,600 Factory manager's salary 8,000 Direct labor 79,100 Sales salaries 48,400 Property taxes on factory building 2,500 Repairs to office equipment 1,300 Factory repairs 2,000 Advertising 23,000 Office supplies used 4,640 Determine the total amount of manufacturing overhead. Manufacturing overhead $ Determine the total amount of...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 3,200 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,200 85,600 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,400 2,960 15,600 3,510 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $70,000 14,250 Sales salaries 50,800 4 000Property taxes on factory 3,100 2,000 2,220 16,800 3,060 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,700 Repairs to office equipment 85,700Factory repairs 142,700 Advertising 8,600 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of product...
Knight Company reports the following costs and expenses in May Factory utilities Depreciation on factory equipment...
Knight Company reports the following costs and expenses in May Factory utilities Depreciation on factory equipment $16,300 Direct labor $70,400 13,050 Sales salaries 49,600 Property taxes on factory 4,900 building 52,600 Repairs to office equipment 82,100 Factory repairs Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,100 1,400 2,890 16,500 3,140 138,700 Advertising 9,000 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT Determine...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager's salary 8,300 Office supplies used 3,150 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ e Textbook and...
$69,800 48,100 Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities...
$69,800 48,100 Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities $16,200 Direct labor Depreciation on factory 13,350 Sales salaries equipment Property taxes on factory Depreciation on delivery trucks 4,900 building Indirect factory labor 49,600 Repairs to office equipment Indirect materials 82,900 Factory repairs Direct materials used 138,700 Advertising Factory manager's salary 8,900 Office supplies used 3,500 2,300 2,910 16,300 2,850 From the information: Determine the total amount of manufacturing overhead. Manufacturing overheads Determine the...
Exercise 14-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor $70,300...
Exercise 14-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor $70,300 Factory utilities Depreciation on factory equipment 13,850 Sales salaries 46,700 3,900 Property taxes on factory 53,700 Repairs to office equipment 84,200 Factory repairs 3,100 1,500 2,220 15,900 2,770 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 137,700 Advertising 8,700 office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT...
Determine total overhead manufacturing cost, total product costs, and total amount of period costs. Exercise 14-4...
Determine total overhead manufacturing cost, total product
costs, and total amount of period costs.
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,800 Direct labor $72,600 14,350 Sales salaries 46,700 Property taxes on factory Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,200 52,500 84,300 3,500 1,700 2,970 16,700 3,370 Repairs to office equipment Factory repairs 138,700 Advertising 8,400 office supplies used From...
Exercise 1-4 Knight Company reports the following costs and expenses in May. $16,400 Direct labor $74,000 Factory utilities Depreciation on factory equipment 14,350 Sales salaries 47,700 Depreciation on delivery trucks 3,100 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,900 Property taxes on factory building 50,600 Repairs to office equipment 83,500 Factory repairs 140,700 Advertising 8,100 Office supplies used 2,100 3,030 15,700 3,720 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $17,400 Direct labor $70,300 13,850Sales salaries 46,700 Property taxes on factory building 3,100 1,500 2,220 15,900 2,770 Depreciation on delivery trucks 3 q00 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,700Repairs to office equipment 84,200 Factory repairs 137,700 Advertising 8,700 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of...
Knight Company reports the following costs and expenses in May. $17,000 Direct labor $70,400 Factory utilities Depreciation on factory equipment 13,550 Sales salaries 50,700 Depreciation on delivery trucks 4,300 3,200 Indirect factory labor Indirect materials Direct materials used Factory manager's salary 53,200 85,600 137,700 8,700 Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used 2,400 2,960 15,600 3,510 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount...
Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $70,000 14,250 Sales salaries 50,800 4 000Property taxes on factory 3,100 2,000 2,220 16,800 3,060 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 52,700 Repairs to office equipment 85,700Factory repairs 142,700 Advertising 8,600 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead Determine the total amount of product...
Knight Company reports the following costs and expenses in May Factory utilities Depreciation on factory equipment $16,300 Direct labor $70,400 13,050 Sales salaries 49,600 Property taxes on factory 4,900 building 52,600 Repairs to office equipment 82,100 Factory repairs Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 3,100 1,400 2,890 16,500 3,140 138,700 Advertising 9,000 Office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT Determine...
Knight Company reports the following costs and expenses in May. Factory utilities $16,300 Direct labor $73,300 Depreciation on factory equipment 13,350 Sales salaries 46,700 Depreciation on delivery trucks 4,600 Property taxes on factory building 3,300 Indirect factory labor 53,400 Repairs to office equipment 2,000 Indirect materials 83,100 Factory repairs 2,590 Direct materials used 142,700 Advertising 16,900 Factory manager's salary 8,300 Office supplies used 3,150 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $ e Textbook and...
$69,800 48,100 Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities $16,200 Direct labor Depreciation on factory 13,350 Sales salaries equipment Property taxes on factory Depreciation on delivery trucks 4,900 building Indirect factory labor 49,600 Repairs to office equipment Indirect materials 82,900 Factory repairs Direct materials used 138,700 Advertising Factory manager's salary 8,900 Office supplies used 3,500 2,300 2,910 16,300 2,850 From the information: Determine the total amount of manufacturing overhead. Manufacturing overheads Determine the...
Exercise 14-4 Knight Company reports the following costs and expenses in May. $17,400 Direct labor $70,300 Factory utilities Depreciation on factory equipment 13,850 Sales salaries 46,700 3,900 Property taxes on factory 53,700 Repairs to office equipment 84,200 Factory repairs 3,100 1,500 2,220 15,900 2,770 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 137,700 Advertising 8,700 office supplies used From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead LINK TO TEXT...
Determine total overhead manufacturing cost, total product
costs, and total amount of period costs.
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,800 Direct labor $72,600 14,350 Sales salaries 46,700 Property taxes on factory Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,200 52,500 84,300 3,500 1,700 2,970 16,700 3,370 Repairs to office equipment Factory repairs 138,700 Advertising 8,400 office supplies used From...
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